Lesson60 seconds
What is Operating Lease Accounting?
How plain rental-style leases were (and still are) treated in older models.
Step 1 of 9
Simple Definition
Operating lease accounting traditionally kept leases off the with rent expense on a straight-line basis; under 116 lessees generally recognize ROU assets instead, while classification still matters for lessors and analysis.
Explanation level
Tap a persona to hear the same idea in a totally different voice.
Try “Like I'm 5™” for a picture-book version - not the grown-up wording above.
Notebook
Your notes
Notes save automatically on this device
Knowledge graph
Done Here Next